SOURCE: American Energy Production Inc.

June 11, 2007 08:00 ET

American Energy Production Inc. Announces Wholly Owned Subsidiary Bend Arch Petroleum Inc. Completes Gas Potential Test on Padgett Barnett Shale Well

MINERAL WELLS, TX--(Marketwire - June 11, 2007) - American Energy Production Inc. (the "Company") (OTCBB: AMEP) announced today its wholly owned subsidiary Bend Arch Petroleum Inc. ("Bend Arch") completed potential natural gas test on well #11-H on the 1,100 acre Padgett lease in Palo Pinto County, Texas.

The Padgett 11-H Barnett Shale well has been fracture stimulated and after recovery of frac fluid the well is ready to deliver natural gas to the natural gas purchaser. A 160 pumping unit has been installed to move salt water and oil that will enable the continued production of natural gas.

Preliminary production potential test show the Padgett 11-H will produce approximately 350,000 cubic feet of natural gas and 10 barrels of oil per day. Natural gas production will possibly increase as the well stabilizes after thirty to sixty days of operations.

As previously reported AMEP recently received shareholder approval and withdrew its election to be a business development company. As a result, AMEP is now an oil and gas operating company whose business focus is the purchase, exploration, drilling and operation of oil and natural gas leases in the Fort Worth Basin and Medina County, Texas. Additionally, entities previously classified as portfolio companies of AMEP are now wholly owned subsidiaries.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.

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